tv [untitled] March 8, 2011 12:30pm-1:00pm PST
ordinance. after that, he served in several positions including the executor of the director of human rights, the director of city purchasing, and director of the department of public works. prior to being appointed to the city administrator in 2005. at this time, we will show a short video clips and then we will introduce the mayor.
one of the tenants that i have in helping run the city is to do this test team work and i have enjoyed this special relationship with the board of supervisors and i hope it continues through the whole year. i have known gene for many years. but we both worked very closely together. i want to continue congratulating her on because we're working very closely. there are many things we can do together to build in the area. i am very excited about that.
i have been excited for seven weeks. everywhere i go, everyone has been asking what i have been doing and how i have been feeling and i must say it began with a bang. during my inauguration, but -- comes up and says, do you want to go to the white house? of course, we are off to the very first state dinner. i am meeting with president obama and president hu jintao. that was fantastic. while we were there, both of us did what we were supposed to do and what we could do and that is we met with every one we could about the business of our cities and in particular, i got to meet my very good friend, the commerce secretary i grew up with in seattle, washington and i applaud him for all of the money that they could possibly give us and we are already
working on that and he said that china sf was one of the most integrated programs to ever -- innovative programs to come to the west coast. i got to meet the hud secretary and in the short time with all of the other mayors, we were able to talk about our building of housing at affordable housing and of the great partnership that we will have as the enrolls and has unrolled the federal homeless program at how that can match up with our program as well. we met with secretary -- and talk about job creation and discovered that we are working on linking up our community colleges and making sure that all of the students go to college but continue to get degrees so they don't drop out at the rates they have been. of course, meeting with the
other mayors across the country, getting to meet mayor daley in chicago and learning what he has done over the years and leading some might have been johnson and what they're trying to do -- and need some -- and the meeting some like kevin johnson and what they're trying to do. also being able to thank the president of the united states for the investment that they are giving. and along with the lieutenant governor. the president came here last week. he was here on the tarmac waiting for his visit to silicon valley. in that five minutes, not only
thanking him for the support of the budget but also extending offers to take the money that florida's does not want to have. they don't want that money, california can use this. that was a very open dialogue. i have been very busy. i have parties and i have been sharing those with many members of our great city. i have a $380 million budget to balance as do many mayors. we will do it to keep our city solvent. pension reform has to be done because that is leaking our general fund. my job is to get everyone working together in one direction and not multiple -- on
our electoral -- electorate. you have seen the america's cup. the excitement generated is true. if you have been paying attention, you saw a barge come into the area. that was carrying the catamaran. when you see this constructed, this will exceed the height of the golden gate bridge. it will become the symbol of the excitement that -- will bring to this area. $1.4 billion of economic investment, just under 9000 jobs, 700 and construction, hundreds and hundreds of businesses will be produced.
this represents how this city becomes and always has been successful. that is part of my whole budget plate. we must have a safe city and a city that is successful. today, we are beginning dc "processed. in working with the port and all of the other agencies dealing with transportation, we will have a great foundation in beginning the work to host this international event. we are working with the natural talent that san francisco and the bay area has. we have one of the most natural and the theaters.
this is not an event that occurs only in the short month in the fall of 2013. the individual races will go on for a year spanning the year beginning in 2012 and all through 2013. already, other countries are trying to find out how they can schedule their practices in the bay area. you will see that going on. i have been working on jobs. all of those projects we have talked about is an indication to jobs and make sure that our business is a top priority. i want you to do the same things here but i cannot ask you to do it if i have not done my part as a mayor.
my job is to make sure that businesses are here, they are growing, and we have a strong economic climate. last year, a new lease for 7500 square feet. an unprecedented high of 14 acres in mission bay. of course, they would not have done that without the valuable contribution in building the infrastructure all through the mission day. that is why i spent friday last week partly with the governor and making sure that two things could happen. if they're not listing to the mayor's of the state, they had better listen to the senator and the congresswoman that fought very hard for treasure island, hunters point, candlestick come amid market, all of those represent the underpinnings of a great we development agency
tool that we have used with incremental tax power. we are had a host in san francisco to some 500 technology companies, 74 biotechnology and life science companies and some 200 clean technology businesses. in the past three months, -- opened up their headquarters. san francisco is home to the five top seller companies of the world. just the other day, celebrating with china sf. some 13 companies have located their offices here and sel.
we celebrated even the small companies like -- who announced they are moving from their office and tripling their office space in 21 market street. in that span of two years, a solar company tripling their office capacity, that has to tell you something. within the very first weeks of going on the job, you heard about twitter. thanks to david chew and his counsel and guidance, we all met the top three officers of twitter and would down to the offices and not only met with them but we also met with the engineers in closed-door discussions and talked to them about their commitment to being here and the reason.
then for them to tell me, 65% of their current work force are san francisco residents, 25% come to work on their bicycles every day. by the way, we love those little dedicated lanes, can you do more. we felt we could offer as an anchored to the mid market area an exemption the payroll taxes. i think, along with some other
members of the board, that maybe that payroll tax is something we shouldthat is how big twister i. -- twitter is. they have their international area. you have been reading about them. their tools are being used throughout the whole world, whether it is egypt, yemen, libya, twitter is being used around the whole world. it is critical that companies like twitter the convinced that we are welcoming them and it is also critical to us. we don't want them to become isolated again. our city is a city of innovation.
people are coming here from all over the world. they're coming here to build their businesses, to surround themselves with other great new ideas and to forge a new san francisco work force. we are home to companies that change the way we communicate, like twitter. we're also home to companies that change the way we work, like sales force. we are home to companies that change the way we listen. now, more and more, we are becoming home to the way we play. i want to announce today, it should be consistent with everything else we are doing. as hosting more and more of
these on-line game creators and engineers, i want to announce one of the most exciting game companies and we will be opening up and 25,000 square foot office in san francisco as we speak. let the games began. [applause] i just met the owners and management team. they have been here since 2006. they have chose san francisco to be their home. that is very exciting. whether it is the businesses that we have, whatever it is that we are doing in san francisco to make ourselves a successful, my tenure here will be about great communications, a unified city. one that unites all of us to make sure that we can be an
engine of job creation because everywhere we go, whether it is the bay view, or the mission, or chinatown, where the rest of the city, this is all about making sure that we create jobs. i had the privilege of finding a home here in the early 90's. as my wife and i went through months of trepidation, our kids were jumping up and down on the bed saying that we are going to disneyland. that is how they looked at san francisco. san francisco continues to be an exciting place for everyone to come. this is no less than oakland or san jose and areas, a city of great diversity, a welcoming city. i want to continue making sure
industry. that gets a lot of great publicity but is probably only worth a couple of million dollars in sales taxes. that is not a major thing. it was really difficult for development. by taxing and regulating them, it became the model that most of the state has followed. if medical marijuana is illegal, it should be taxed. we are one of the first cities to tax those dispensaries. if you have a legal marijuana and dispensaries, they should be able to buy it.
that is a very small part of our economic development. obviously the tax breaks are a major part. >> do you see as the development tool of choice or was this a unique deal done in unique circumstances? >> i think it began as a unique one because we have been struggling with how to activate the mid market with many years. many of you know this is the closest thing to skid row that
we have. the struggles with middle-market and talking with supervisor kim and david chu, we felt that was the appropriate tool because we had tried everything else in that district. this is a tool that we believe will be successful. twitter management, even though -- when we compromise on the six months of exemption, that was the right thing to do for the corridor.
we have invited them and we know there will be other businesses because when you walk into their offices and you know how it operates and the engineers informed us of this, that operate in clusters. you hardly ever see an employee working alone. the applications companies are there with them. even in their current site they have a whole floor of other companies that are working with them as well. we think this will be the way to do middle-market, whether it is inappropriate tool for others, we will have to see on a case by case basis. >> he mentioned the possibility of supporting a replacement of the payroll tax. would that be a replacement of the gross receipts tax or do you have something in mind? >> we have a lot of loopholes
that we have not been able to pay attention to. we are just beginning that dialogue. the timing is that there is much more open air about it. we will be inviting people to come and give us their opinions about what can be done that is more fair or equitable and allows us to have a certain amount of revenue and at the same time it invites the growth of businesses in san francisco. you have referred to the proposal to eliminate redevelopment agencies which is an alarming fact for many of our
cities. you talk about some compromise ideas a few weeks ago on redevelopment. is a compromise of any sort possible. >> we have opened the door and began dialoguing with their staff and open the process that has, is some very 3 weeks of. the governor's office is very committed to making sure that they get the money that they need it and they still -- >> they cannot possibly get what they need out of eliminating redevelopment. they might get half of what they think that we can get.
we recognize what he's trying to do both in the alignment and try to get funds to fill the $25 million gap. we would like to help the governor understand the impact that it eliminates the redevelopment agencies around the state and there has been a huge historical commitment of federal funds whether it is clean up hunter's point or the -- on treasure island. we want to raise the money that the governor might need to plug the budget gap. at the same time, the leader in reforming the bad actors